
The crypto market has surged significantly after the recent election, with Bitcoin and Ethereum leading the charge.
Analyst AlejandroBTC predicts continued bullish momentum, particularly for altcoins, in the coming months.
However, he cautions about a potential correction in early 2025, before a renewed upswing later in the year.
The crypto market is buzzing with bullish energy. Over the past week, the market has grown by 5.42%, while altcoins have seen a stunning 10.71% surge. Experts believe even bigger gains are on the horizon for 2025. But how far can the crypto sector climb? Analyst AlejandroBTC shares his predictions for Bitcoin, Ethereum, and the broader altcoin market.
Current Crypto Market Status: An Overview
Donald Trumpโs recent election win has unleashed a strong bullish wave in the crypto market. Since November 5, Bitcoin has jumped by 44.63%, while Ethereum has risen by 60.77%. The total cryptocurrency market cap has expanded from $2.22 trillion to $3.5 trillion, marking a 57.65% surge. The altcoin market has performed even better, climbing 77.22% to reach $1.55 trillion.
As of now, Bitcoin is trading at $98,157.47, with Ethereum priced at $3,880.63.
AlejandroBTCโs Predictions for December
AlejandroBTC is optimistic about December, predicting:
- Bitcoin could reach $120,000.
- Ethereum may hit a new all-time high.
- Altcoins could see even greater growth, potentially doubling or tripling in value.
January 2025: Brace for Corrections!
January 2025 may bring a pause to the rally, Alejandro warns, with:
- Bitcoin possibly falling below $95,000.
- Ethereum retesting its all-time high or dipping lower.
- The altcoin market facing corrections of 30% to 50%.
He advises caution, emphasizing that January could be a challenging month for investors.
A Strong Recovery Expected by Q1 2025
Despite the expected pullback, Alejandro predicts a rebound before Q1 2025 ends. Between February and April, he foresees:
- Altcoins reaching new all-time highs.
- Bitcoin surging to $160,000.
- Ethereum climbing to $10,000.
The crypto market appears poised for both short-term volatility and long-term growth. Investors should prepare for dramatic shifts in the coming months, with opportunities for big returns across Bitcoin, Ethereum, and altcoins.
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FAQs
The current crypto market is experiencing a strong bullish trend, with the overall market growing by 5.42% and altcoins rising by 10.71% in the past week.